All Forum Posts by: Justin Young

If the bank lent me 70% LTV, which is more than enough to cover the seller's portion, could I then draft a note to pay back the seller but keep the note separate from the property? I'm assuming that most notes are collateralized against the property, I'd like to keep it separate but still make it legal so the seller receives his portion within the time he wanted.

Aloha BP!

If an owner was willing to seller-finance more than 30% of the property's value, would a lender be willing to loan me the remainder of the deal? 

For example:

Property worth : $320k

Seller-finance : $120k

Loan : $200k

The plan would be to bring the property up to par as tenants' leases expire so that I can increase the rents, refinance, and pay back the seller's portion of the deal. Does this happen in the real estate world?

@Kay Kay Singh Nothing major, as I'm not looking to get into that type of rehab just yet. Carpet, hardwood flooring, windows, etc but definitely not a full gut rehab.

Please send me anything IN. [email protected]

Aloha BP!

Does anyone have recommendations for a general contractor in Fort Wayne area?

Is this still available? Please email me at [email protected]

@Harvey Levin Ill give that a try soon, thanks.

@Brett Snodgrass thank you very much for the recommendation.

I'm not sure why I can't message you. The button reads "Review request" but I've never requested to friend you before, at least I don't think I did.

Thanks @Harvey Levin, PM coming your way.

Aloha BP!

Does anyone have recommendations for a local bank/credit union in Indianapolis geared towards dealing with investors? I had a contact with a local bank but they haven't been getting back to my emails recently. Thanks in advance.